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Credit

TEX

Terex Corporation plans to raise $1.25 billion through a term loan and $750 million via senior notes to fund its acquisition of Dover Corporation's Environmental Solutions Group. The company is also amending its credit agreement to increase its revolving credit facilities.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:28 am

FXI

SPY

China's foreign exchange regulator has indicated that the likelihood of further deleveraging in China's foreign debt in Q4 is low, and foreign debt levels are expected to remain stable.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:42 am

BKD

DHC

Diversified Healthcare Trust (DHC) is selling 18 senior living communities to Brookdale Senior Living (BKD) for $135 million. The proceeds will be used to pay down $941 million in senior secured notes. The transaction is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 7:01 am

USFD

US Foods Holding Corp. has announced the pricing of a $500 million private offering of 5.75% senior unsecured notes due 2033. The proceeds will be used to repay part of its term loan facility.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:09 pm

SPY

Federal Reserve Bank of St. Louis President Alberto Musalem suggests that the Fed should cut interest rates gradually to ease economic restrictions. He warns that a rapid rate cut might be necessary if the economy weakens unexpectedly.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:33 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) has refinanced its debt and received a raised credit rating from S&P Global, leading to increased optimism from CEO Adam Aron. The company has pushed its debt maturities further out and benefited from a strong summer box office, doubling earnings from June to September. Despite challenges like the COVID-19 pandemic and Hollywood labor strikes, AMC is now positioned to play offense with rising profitability.

Portfolio Pulse from Chris Katje

September 27, 2024 | 7:08 pm

BUYZ

IYT

UBER

Uber Technologies has secured a $5 billion revolving credit facility and partnered with Spirit Halloween for on-demand delivery services. The credit agreement with Bank of America replaces a previous one and offers flexible interest options. Uber's partnership with Spirit Halloween provides discounts and delivery benefits for Uber One members.

Portfolio Pulse from Lekha Gupta

September 27, 2024 | 4:10 pm

STHZF

Pelorus Fund REIT has filed a complaint to appoint a receiver for StateHouse Holdings due to loan defaults. Despite financial challenges, StateHouse reported a 10% revenue increase in Q2 2024. The company's financial health remains precarious with a significant working capital deficiency.

Portfolio Pulse from Nicolás Jose Rodriguez

September 27, 2024 | 3:48 pm

UBER

Uber Technologies has entered a $5 billion unsecured revolving credit agreement with Bank of America, replacing its previous credit facility. The agreement will mature on September 26, 2029, and allows Uber to borrow in U.S. Dollars or alternate currencies for general corporate purposes.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 10:55 am

VEON

VEON Holdings B.V. notes due November 2027 are expected to be included in the J.P. Morgan EM Corporate Indices by the end of September 2024. This inclusion could enhance the visibility and attractiveness of VEON's debt instruments to investors.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 9:19 am